Modern and contemporary African art has mainstreamed as an investable and collectible asset class. Thanks to the rising wealth of Africa's middle class. As well as the appreciation of African art, not just for its aesthetics, however, as an alternative asset class. This trend has come to drive conversations that are helping to build momentum about African art, its value, and impact on its ecosystem.

Modern and contemporary African art achieved record-breaking sales at some renowned auctions and private sales this year. On the face of it, this reaffirms the growing awareness of modern and contemporary African art categories, as well as its appetite as an alternative asset class. However, there are growing concerns around the 'financialisation’ of African art.

The global art market is increasingly attracting ultra-wealthy collectors and investors. And in recent years, modern and contemporary African art has transcended its aesthetic appreciation to become a viable alternative asset class for wealth managers and family offices. However, despite their growing appeal, artworks remains one of the most difficult assets to incorporate into an overall portfolio mix, tax and financial plan....

Sotheby's modern and contemporary African art auction earlier this year saw the sale of 116 artworks with a record-breaking sale total of £2.8 million. On the face of it, this reaffirms the growing appetite for African art. However, are modern and contemporary African arts an investable alternative asset class? How will increasing Africa's private wealth impact the emergence of art as an asset class?